2023
Flag  
GDP
$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH
0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
 GDP
$7.14BCURRENT US$
Rnk 155 / 195
2013-2023
Flag
GDP GROWTH
62%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC 
$55,517CURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP PC GROWTH
-8.76%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC
$97,750CURRENT US$
Rnk 6 / 196
2013-2023
Flag
GDP PC GROWTH
30.1%CURRENT US$
Rnk 78 / 195

About

Sweden-Cayman Islands Trade: In 2023, Sweden exported $7.27M to Cayman Islands. The main products that Sweden exported to Cayman Islands were Recreational Boats ($6.57M), Hard Liquor ($218k), and Trailers and semi-trailers, not mechanically propelled vehicles ($100k). Over the past 5 years the exports of Sweden to Cayman Islands have increased at an annualized rate of 9.72%, from $4.57M in 2018 to $7.27M in 2023.

In 2023, Sweden did not export any services to Cayman Islands.

Cayman Islands-Sweden Trade: In 2023, Cayman Islands exported $33.9k to Sweden. The main products that Cayman Islands exported to Sweden were Other Heating Machinery ($33.3k), Knit Men's Coats ($377), and Non-Knit Men's Undergarments ($188). Over the past 5 years the exports of Cayman Islands to Sweden have increased at an annualized rate of 16.9%,  from $15.5k in 2018 to $33.9k in 2023.

In 2023, Cayman Islands did not export any services to Sweden.

Comparison In 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53),  and 32 in total exports ($188B). That same year, Cayman Islands ranked 165 in total exports ($818M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $7.27M to Cayman Islands. The main products exported from Sweden to Cayman Islands were Recreational Boats ($6.57M), Hard Liquor ($218k), and Trailers and semi-trailers, not mechanically propelled vehicles ($100k). During the last 5 years the exports of Sweden to Cayman Islands have increased at an annualized rate of 9.72%, from $4.57M in 2018 to $7.27M in 2023.

In 2018, Cayman Islands exported $33.9k to Sweden. The main products exported from Cayman Islands to Sweden were Other Heating Machinery ($33.3k), Knit Men's Coats ($377), and Non-Knit Men's Undergarments ($188). During the last 5 years the exports of Cayman Islands to Sweden have increased at an annualized rate of 16.9%, from $15.5k in 2023 to $33.9k in 2018.

Exports from Sweden (Flag) to Cayman Islands (Flag) (2023)

Exports from Cayman Islands (Flag) to Sweden (Flag) (2023)

Market Competitiveness

Color
Sweden
Top Destination
Germany$18.4B
Cayman Islands
Top Destination
United Kingdom$326M

This map shows whether countries import more from Sweden or Cayman Islands. Each country is colored based on the difference in imports they receive from Sweden and Cayman Islands or the difference in the growth in imports.

In 2023, countries that imported more from Sweden than Cayman Islands included Germany ($18.4B), United States ($18.1B), and Denmark ($14.4B).

In 2023, countries that imported more from Cayman Islands than Sweden included Grenada ($67.2M), Cyprus ($172M), and Belize ($9.88M).

Difference in imports from Cayman Islands (Flag) and Sweden (Flag) (2023)

Comparative Advantage Sweden - Cayman Islands

Flow
Scale

This chart compares trade between Sweden and Cayman Islands by product, considering products traded by both, Sweden and Cayman Islands.

During 2023, Sweden had a large net trade with Cayman Islands in the exports of Transportation ($6.67M), Machines ($229k), and Foodstuffs ($219k).

During 2018, Cayman Islands had a large net trade with Sweden in the exports of Machines ($33.3k), Textiles ($565), and Footwear and Headwear ($94).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Sweden and Cayman Islands. This means that a dot/product with the flag of Sweden indicates it has a comparative advantage over Cayman Islands. Similarly, a dot/product with the flag of Cayman Islands indicates it has a comparative advantage over Sweden.

Product Space of Sweden (Flag) and Cayman Islands (Flag) (2023)

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